Tuesday, October 30, 2007

O'Malley's Raising Taxes

I guess it's no surprise that the governor of Maryland is proposing tax increases -- bees gotta buzz, birds gotta sing, and Democrats gotta raise taxes, right? But the shear scope of the plunder proposed by the Old Line State governor is impressive for its audacity. As reported in WaPo:

O'Malley is pushing the largest overhaul of Maryland's tax code in four decades. He has proposed raising the sales tax, the corporate income tax, the tobacco tax, the titling tax on vehicles and income taxes on upper-end earners.

The Post does note that O'Malley is seeking a "modest" tax cut for "most other people" and a reduction in the state property tax rate. Yes, well that's a lovely thought, I suppose, but the bottom line is that Gov O'Malley has decided to close a $1.7 billion budget shortfall by taking it out of the hide of his constituents. Must be nice to be a democrat governor in the bluest state in the country.

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